Huang, Yi; Chen, Lin; Liu, Sibo; Tang, Heiwai - 2018 - This version: August 7, 2018
concern over the "Trade War" between the US and China. We evaluate the market responses to this event for firms in both … countries, depending on their direct and indirect exposures to US-China trade. US firms that are more dependent on exports to … and imports from China have lower stock and bond returns but higher default risks in the short time window around the …
